Piracy & Security
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Red Sea traffic remains unchanged by resurgent Houthi attacks
There were 244 transits through the Bab el Mandeb last week, up from 232 the week prior
Traffic to damaged Houthi-held Hodeidah and Saleef ports halts following Israeli air strikes
Satellite imagery suggests heavy damage to the docks in the ports of Hodeidah and Saleef, both previously damaged in air strikes in May
Iran shipments to Houthis a masterclass in AIS manipulation
The Houthis have a robust weapons supply chain and there are limited options for interrupting these networks
The week in charts: Philippines orders crews to avoid high-risk areas | Panama Canal transits still below pre-drought levels | Vehicle carrier markets buoyant
Traffic through the Bab el Mandeb continues as normal, despite two ships being sunk last week; Average Panama Canal transits per day flat in June versus May with numbers down 14% versus June 2022, prior to drought; Strong car exports from China and continued Suez Canal diversions have helped to keep freight rates and charter rates relatively high
Eternity C search operation called off
Focus now on health and welfare of surviving crew members
Eternity C: when war risk insurers don’t face the music and dance
Sorry, shipowners, but underwriters do have the right to decline cover
Travelers named as insurer that declined war risk cover for Eternity C
Shipowners slam underwriter’s reluctance to write business despite accepting annual placement
Underwriters declined war risk cover for final voyage of Eternity C
Insurance status of the Greece-operated bulk carrier sunk by the Houthis remains unclear
Philippines orders crews to avoid high-risk areas as more recovered from Eternity C
Traffic through the Bab el Mandeb continues as normal, despite two ships being sunk this week
Red Sea rescue falls to private security in the absence of any naval assets
The conspicuous absence of any naval vessels available to help defend two ships sunk by the Houthis this week, or assist in the search and rescue operation for 19 missing crew has left industry officials calling for more robust protection of international sea lanes
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